Planning for the Future
The law provides many options for planning for your future – both financial planning and personal planning. The law also provides means of planning for your death and, more specifically, the division of your property when you die.
It is a good idea to take advantage of these laws and to plan for the future. Illness, accident, or death could claim any of us at any time. If you do not prepare for these possibilities in advance, your family, friends, and the court system will have to make these decisions for you when the time comes. This can be costly, time-consuming and emotionally draining, and, in the end, you may not end up with what you would have wanted, had you taken the time to plan it yourself.
In this section you can learn about the documents that you can create to ensure your future is as you would want it to be. The law also gives guidance to people who are appointed to act for you under such planning documents. These people have a job to do, and part of that job is obeying the laws that apply to the situation. In this section, you can also learn about what exactly is involved in taking on these jobs.
To plan for your future, the relevant legal documents are as follows.
The above information relates only to the law in Alberta. For links to information on similar documents in other jurisdictions please see our page of Additional Resources.